Trend Table for FTLS - First Trust Long/Short Equity

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	A	Weak or Absent	Up	Up	Flat	4.89%
May 23	A	Weak or Absent	Up	Flat	Down	5.80%
May 22	B	Weak or Absent	Up	Flat	Flat	5.39%
May 21	A	Weak or Absent	Up	Up	Flat	4.70%
May 20	B	Weak or Absent	Up	Up	Flat	5.08%
May 17	B	Weak or Absent	Up	Up	Flat	4.90%
May 16	B	Weak or Absent	Up	Up	Up	4.94%
May 15	A	Weak or Absent	Up	Up	Up	4.27%
May 14	B	Weak or Absent	Up	Up	Up	5.11%
May 13	B	Weak or Absent	Up	Flat	Up	5.75%